Buying a home is one of the most important decisions anyone can make. Most buyers start by “accident” calling from a sign or checking the internet out of curiosity. Since they probably have done little or no homework or don’t know the right questions to ask – this could be a risky experience. Interviewing with…
Buy or sell? List my property or keep it off the market until the market turns around? Engage the expertise of a seasoned commercial real estate broker or try to handle myself? These are all questions commercial real estate investors are faced with on a daily basis. One thing I think we are all keenly…
For the second quarter of 2009 Warner Robins and Houston County still appear to be ahead of the economic pack. With many folks predicting gloom and doom for our US economy, Houston County is still a bright spot on the economic landscape. As a matter of fact, it was recently announced that the Warner Robins…
2008 in Warner Robins and Houston County was an interesting year. Warner Robins was singled out and named “The Best Place to Raise a Family in Georgia” by Business Week Magazine. Shortly thereafter the announcement came that Warner Robins was chosen as the Southeastern Headquarters for the National Little League Association. Houston County Board of…
Much has happened in the world since our last newsletter. We have “officially” entered into an economic recession that has negatively impacted virtually every industry. No one really knows for sure but most knowledgeable folks seem to believe that we can hope to emerge from this downturn late this year or early 2010. Real Estate,…
Mark-to-Market Accounting is assigning a value to a financial instrument or asset, based on current market price or the fair-value of the asset. The term originated with futures trading a century ago. When taking a position, a trader, would deposit money on the margin to protect the Exchange against loss. At the end of the…
After attending the Hunter Hotel Investment Conference this March 2009 and hearing the famous economist from Georgia State University Rajeev Dhawan the industry outlook is not pretty. With lenders, franchisors, and industry experts having no answer to when the economy will turn and be positive. The Pain Is Now The PKF-HR March 2009 national forecast…
Spring is on the way — you can feel it in the air. And like the coming of spring you can feel the underlying buzz of activity and excitement in Peach County. We are currently working with several business owners who are focused on the Byron/Fort Valley area. They are intrigued by the Fort Valley…
In 2008, the average occupancy for Central Georgia was 89.5%, a 1% improvement over the prior year’s results. The markets experiencing the greatest increase in 2008 over 2007 were East Macon at 5%, Milledgeville at 5.5% and Warner Robins at 2%. The markets experiencing the greatest year-over-year downturn were Downtown Macon at 3% and North…
The Bibb County apartment market continued to be active in 2008, albeit considerably slower than 2007. The capital crunch caused lenders to adopt more stringent lending standards or stop completely making loans. The loan to value dropped to 75-80% and actual NOI was used to arrive at the value. The demand for apartment complexes, especially…
